SMIC(SH:600810) 智通财经网·2025-11-24 09:11Core Viewpoint - The company is establishing a new subsidiary, Ningdong Company, in Yinchuan, Ningxia, to expand its overseas market presence and leverage the region's advantages in the Belt and Road Initiative [1][2] Group 1: Project Overview - Ningdong Company will focus on the Nylon 66 high-performance coated fabric project, with a registered capital of RMB 169 million, fully funded by the company [1] - The project has a two-phase timeline: a 6-month preparation phase followed by an 18-month construction phase, aiming for completion and production by September 2027 [1] Group 2: Strategic Importance - The Ningdong project is a strategic move to utilize the geographical advantages of the western region under the Belt and Road Initiative, enhancing the company's export capabilities [2] - The project aims to improve product performance through technological advancements, thereby increasing market competitiveness and optimizing the company's product structure [2] - By leveraging local resource advantages, the project is expected to increase production capacity for high-performance Nylon 66 industrial yarn and coated fabrics, reducing production costs and creating high-value profit growth points [2]